Thursday, October 14, 2010

(NSI News Source Info) MOSCOW, Russia - October 15, 2010: Russia has made public for the first time in many years a detailed account of its defense spending until 2013, the Vedomosti daily said on Tuesday.

State Duma Defense Committee head Viktor Zavarzin said last week that the country's defense spending, including R&D, would total 487 billion rubles ($16.3 bln) in 2010, 574 bln ($19.2 bln) in 2011, 726 bln ($24.3 bln) in 2012, and 1.16 trillion ($38.8 bln) in 2013.

The share of spending on R&D will drop from 22 percent in 2010 to 16 percent in 2013, the lawmaker said.

Source: DTN News / Ria Novosti

(NSI News Source Info) TEL AVIV, Israel - October 15, 2010: Israel Aerospace Industries said on Wednesday it has signed a contract with the Russian defense firm Oboronprom on the delivery of assembly components and servicing for aerial drones.

"The deal will begin to be implemented during 2011," the company said in a statement posted on its website.

The contract was signed in the presence of the Russian Minister of Industry and Trade Viktor Khristenko.

The financial details of the deal have not been disclosed, but Israeli media earlier speculated that the three-year contract could be worth $400 million.

Russia has already signed two UAV contracts with Israel. Under the first contract, signed in April 2009, Israel delivered two Bird Eye 400 systems (worth $4 million), eight I View MK150 tactical UAVs ($37 million) and two Searcher Mk II multi-mission UAVs ($12 million).

The second contract was for the purchase of 36 UAVs, worth a total of $100 million, to be delivered later this year.

Russia and Israel have also been negotiating the establishment of a joint $300-million venture to produce UAVs.

Israel said in September it may tear up much of the aerial drone deals it signed with Russia due to anger over Moscow's decision to supply Yakhont naval missiles to Syria.

(NSI News Source Info) KOTTAKKAL, Kerala, India - October 14, 2010: India has reached total 96 in the medal list and hopeful that 100 mark is not far with hockey and badminton medals still to be added. It would be a historic event for India to score 100+ medals.

I hope this will encourage youngesters to come forward and participate in games other than cricket as well.All The Best India....JAI HIND